Pritika Auto Industries Limited has filed a disclosure with stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing them of a court order that set aside a land auction in which the company had participated as the highest bidder.

Background: E-Auction Bid and Highest Bidder Declaration

In continuation of its earlier intimation dated 20th February, 2026, the company disclosed that it had participated in an e-auction sale notice issued by the Official Liquidator attached to the Hon'ble High Court of Punjab and Haryana. The auction pertained to land and building admeasuring 64 Kanals situated at Village Simbli, Hoshiarpur Phagwara Road, Hoshiarpur, Punjab. Pritika Auto Industries had been declared the highest bidder by the Official Liquidator, Chandigarh, following the conclusion of the auction process.

Pending Litigation Prompts Court Petition

Subsequent to being declared the highest bidder, the company became aware that litigation was pending with respect to the said property. Given its intent to avoid involvement in legal proceedings related to the asset, Pritika Auto Industries approached the Hon'ble High Court of Punjab & Haryana, Chandigarh, with a prayer to set aside the auction.

The key details of the development are summarised below:

High Court Sets Aside Auction, Orders Refund

The Hon'ble High Court of Punjab & Haryana, Chandigarh, accepted the company's prayer and, vide its order dated 11th May, 2026, set aside the auction. The court further directed that the money paid by Pritika Auto Industries in connection with the bid be refunded to the company. The disclosure was signed by C B Gupta, Company Secretary and Compliance Officer, on 13th May, 2026, and has been submitted to both the National Stock Exchange of India Ltd and BSE Limited for their records.

Pritika Auto Industries Limited has announced the completion of a strategic investment by its subsidiary in a US-based engineering company. The investment represents a significant step in the company's international expansion strategy, targeting growth opportunities in American markets.

Investment Details and Structure

Pritika Engineering Components Limited, the subsidiary of Pritika Auto Industries Limited, has made a payment of USD 50,000 to Omnia Engineering Inc. on 24th April, 2026. The investment structure and key parameters are outlined below:

Regulatory Compliance and Background

The investment follows the Board of Directors' approval granted on June 23, 2025, which authorized investment up to USD 1,00,000 in 10,00,000 shares of Omnia Engineering Inc. in one or more tranches. The current transaction represents the first tranche of this approved investment plan.

Following the share allotment, Omnia Engineering Inc. will become a wholly-owned subsidiary of Pritika Engineering Components Limited and a step-down subsidiary of Pritika Auto Industries Limited. The transaction has been structured as a related party transaction conducted on an arm's length basis.

Strategic Objectives and Market Expansion

The acquisition is designed to leverage new growth opportunities in the US markets for Pritika Engineering Components Limited. Key strategic aspects include:

• Market Access: Establishing presence in the American engineering sector
• Business Expansion: Extending operations beyond the main line of business
• Growth Strategy: Utilizing the US subsidiary for market development
• Industry Focus: Targeting the engineering sector in Delaware and broader US markets

Company Profile and Operations

Omnia Engineering Inc. was incorporated on 30th May, 2025, and is yet to commence its operations. The company operates in the engineering industry and currently has no applicable turnover as it has not started business activities. The investment represents a greenfield opportunity for Pritika Auto Industries' subsidiary to establish operations in the US market.

Compliance and Disclosure

The company has fulfilled its disclosure obligations under Regulation 30 and Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The transaction required cash consideration and no governmental or regulatory approvals were necessary for completion. The investment aligns with the company's strategy to expand its engineering capabilities and market reach through international subsidiaries.